2019-20 JA BizTown Pre-Test

JA BizTown Pre-Test

Please complete the JA BizTown Pre-Test BEFORE the JA BizTown curriculum.

Only ONE attempt to complete the Pre-Test.

Full Name *

First Name Last Name

Date of Birth *

Date Date Picker Icon

Name of School *

Teacher Last Name *

Questions about the Program

Before participating in this program,please answer these questions below.

1. Which description best describes the circular flow of the economy? *

The flow between business and resources The exchange of money, goods, and services in an economy The circular flow happens only in a resource market A circular flow happens only in a goods and services market

2. Who pays for public goods and services? *

Philanthropists Taxpayers Only people who use them Government

3. Taxes are: *

Required payments to the government Payments for private goods and services Payments for philanthropy Payment for business operations

4. Which two of the following examples are financial institutions? *

Savings & Loan and City Hall Library and Credit Union Credit Union and Bank Museum and Bank

5. The amount left over from your paycheck after taxes and deductions is called your: *

Balance Gross Balance Transaction Net Pay

6. Which of the following statements is true? *

You can continue to write checks as long as you have checks in your checkbook. All bank transactions should be recorded in the bank register. A direct deposit is when you take your paycheck directly to the bank after you receive it. Credit cards and debit cards are the same thing.

7. Interests are things people: *

Do well Have a natural ability for Keep to themselves Like to do

8. Which two skills are considered soft skills? *

Teamwork and Interests Punctuality and Teamwork Interests and Compassion Dressing Appropriately and Compassion

9. Which of the following is a business expense? *

Personal Care Sales Revenue Advertising

10 The revenue left over after paying business costs is called: *

Profit Gross Balance Inventory Loss